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IAS 11 — Criteria for combining and segmenting contracts

Background

IAS 11.7-10 require that, in some cases, IAS 11 Construction Contracts should be applied separately to the separately identifiable components of a single contract and that, in other cases, IAS 11 should be applied to a group of contracts taken together.

IFRIC was asked to consider providing guidance for combining and segmenting contracts, including the impact that contract options and additions may have on combining and/or segmenting.

 

Current status of the project

This project was discontinued. IFRIC formally removed the issue from its agenda at its November 2006 meeting. The issues will instead be considered as part of the IASB's project on revenue recognition.

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.